3D metrology is the scientific study of physical measurement. It’s often referred to as the general field of precision measurement within the industry. In its basic form, applying 3D metrology is very accurately acquiring an object’s geometrical data in 3 axes (x, y, z).
The global 3D metrology market was valued at USD 2,800.6 Million in 2020, expanding at a CAGR of 6.9% during the forecast period, 2021-2027. Many factors are driving this market. For instance, increasing the spending on R&D for 3D metrology, increasing the quality control while manufacturing goods, demand for higher productivity by the electronic manufacturing services companies are also increasing.
As per the World Economic Forum report in 2019, BMW Group (Regensburg Plant, Germany) had manufactured approximately 320,000 vehicles in 2018 by using the custom BMW internet of things platforms like 3D metrology, visual inspection, auto-monitoring system, it reduced time and cost. Along with that increasing adoption of cloud computing services and increase demand for industry 4.0 is expected to give growth opportunities to the 3D metrology market players.
The CMM (Coordinate Measuring Machine) is expected to grow during this forecast period. The key industries for the 3D metrology CMM market are automotive aerospace & defense because these industries increasing the adoption of portable systems like articulated arm CMM for measuring and manufacturing spare parts and major components used in airplanes or vehicles.
The portable articulated arm CMM is very easy to use and gives faster and more accurate measurements of any object within a specified range. Along with that, factors such as growing interest in the Industrial Internet of Things (IIoT) and superior quality inspections. This factor creates a huge demand for CMM within this industry. For instance, In October 2021, Zygo Launches VFA+ For Precise Asphere Metrology. In January 2022, Cross Precision Measurement, a division of Cross Company, has announced its partnership with Kreon.
Several leading players are launching advanced technology for better outcomes. For instance, in November 2020, FARO Technologies announced its next-generation Vantage Laser Tracker 6 Degrees of Freedom (6DoF) Probe.
Global Information, Inc. (JASDAQ 4171) www.giiresearch.com Toll Free (US): +1-866-353-3335 Outside US: +1-860-674-8796 Europe (Belgium): +32-2-535-7543 Email: [email protected]